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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?


To: Natedog who wrote (9123)3/17/1998 12:25:00 PM
From: Don craig  Read Replies (1) | Respond to of 14627
 
Nathanc:

Are these not considered "step out holes" to test the Northeast extension
of the Oculto zone on the Diablillos? If so, these numbers look awfully
impressive to me (still showing signs of a lot's of Silver)! Comments
anyone? Can someone with more experience than myself please comment on
these results?

Good Luck
Don

PS: It does not appear as if the market is reacting to kindly to the news.



To: Natedog who wrote (9123)3/17/1998 12:46:00 PM
From: Quickdraw  Read Replies (1) | Respond to of 14627
 
Hi Don,

I believe this set of drilling is "designed to infill the northeast extension of the Oculto gold-silver deposit".

Two points come to mind:

1) I don't see any updated maps yet with these results at the PFG site so we can't tell exactly where they were drilled, what holes they were drilled close to ... they still look pretty good in my mind ... these will help to increase the resource and the gold values in particular look good.

2) Barrick continues to tighten the screw with their delays ...

All the best!

Rick



To: Natedog who wrote (9123)3/17/1998 6:39:00 PM
From: David R. Schaller  Respond to of 14627
 
Nathanc, News release seemed better than the market reaction. Maybe they know where these holes were drilled & are drawing conclusions we cant appreciate w/o more info.

Negatives:
Barrick pulling the rigs for use elsewhere
Pushing further drilling off till May
Returning later in year seems to stall property decisions
If 20 holes are needed to determine continuity..we still don't have them.

Positives;
138m @ 1.4gr/ton
Not high grade but lots of ore.
Some extension in strike length must have occurred.
Barrick though in no hurry still seems interested.

Maybe others can embellish the list but it hardly seemed worth a selloff.

Regards, Dave